For a small listing fee, a writer uploads his story to a crypto-backed platform and sets an initial minimum bid price and time-frame to sell his story.
Investors read and then stake (bet) money on the writer’s story. If the story sells, then the investors win their bet and make money. Of course the writer gets his cut and the investors get theirs.
At this point we have greased the wheels and brought motivated eyeballs to the writer's story. Do people like the story enough to stake their own money on it? Let's say they do.
The more investors stake on the story, the higher the asking price goes. But hey, people actually like it.
Buyers see the frenzy staking on the story, and it tells them this story must be something, so they take a look. They better hurry, because the longer they wait, the more expensive it’ll be to purchase!
As the platform matures, buyers begin trolling the recently added stories and buy them quickly before the investors come in and push the price up. (Eat your heart out, housing bubble.)
What happens to stake-holders if the story is not purchased within the allowed time? This could be a split between the platform and writer. The writer could then choose a 60/40 split his return with investors.
Writers making some money from the staking would encourage them to keep writing, whilst also keeping investors honest with their story staking. And in order to keep them honest, I don't believe they can ever get anything more than 50% back from their staking - if anything. Keeping investors honest is crucial.
It’s not all roses for the writer. If a writer keeps publishing works that get no stakes and without a sale, the listing fee should go up. It is a market after-all. The platform must retain proper financial motivation for each player in the market in order for it to remain functional.
My vision is that the story must be purchased on the platform using a cryptocurrency and everybody in the chain is immediately dispersed the chosen amounts after the buyer submits the buy order.
The writer, fresh from his high from selling his script for high six figures, is in a daze. He feels pressure to write something new, and when he does, his previous stakeholders (investors) will immediately read what he has written and perhaps stake again on it. Buyers, seeing the writer’s previous success will also take note. Let the bidding wars begin.
For the writer, the days of groveling are over. But the buyers better get on their fucking knees.